edible oil

Learn about the best coconut oil for cooking at affordable prices and its unique qualities, such as organic certification and taste profile. This guide highlights top picks that ensure a perfect blend of flavour, health benefits, and cooking versatility. Whether for frying, baking, or seasoning, discover how these oils transform your culinary creations, making every dish a flavourful masterpiece.

edible oil consumption in Gujarat households saw fluctuations in recent years, impacted by Covid and price variations. Cottonseed oil dominates the market, while sunflower oil gains popularity. Overall demand is increasing steadily despite challenges.

The central govt proposes to expand MSP to include contract farming for maize, pulses, and cotton, but not oilseeds. CACP recommends boosting domestic oilseed production to reduce imports. Market prices of rapeseed and mustard have been volatile, with declining trend due to higher domestic production and lower global prices.

Oil is one such substance that is very important in every Indian household. Cooking any Indian cuisine without using edible oil is almost impossible. Though we cannot replace the use of oil, there is one thing that we can surely do and that is to switch to olive oil. This article discusses the benefits of using olive oil and how beneficial it is for our bodies.

On Friday, the Indian government extended the lower import duty for palm, soybean, and sunflower oils until March 31, 2025, in an effort to ensure their availability and control retail prices. Additionally, the import duty exemption for masur dal (lentils) was extended by one more year, also until March 31, 2025. The initial lower import duty structure on crude palm oil, crude sunflower oil, and crude soy oil was set to expire in March 2024. These measures are aimed at managing the prices and supply of essential food commodities in the country.

Gemini Edibles & Fats India Ltd is investing Rs 600 crore to set up a multi-oil refinery and edible oil seeds crushing facility near Hyderabad. The project will be developed in two phases and is expected to commence production by 2025-26. The refinery will receive an investment of Rs 400 crore, while the crushing unit will receive Rs 200 crore. The project aims to produce oils such as rice bran, cotton seed, and sunflower, and is expected to create jobs for around 1,000 people.

ITC Ltd has surpassed competitors to become the leading FMCG foods manufacturer in India, according to market data. The company recorded food FMCG sales of Rs 17,100 crore in the nine-month period ending in September, surpassing Britannia, Adani Wilmar, Parle Products, and others.

Continuing geopolitical tensions in West Asia have put a spotlight on India’s trade relations with the region

Patanjali Foods, the maker of Ruchi Gold oil, reported a more than doubled profit in the second quarter due to lower expenses and falling edible oil prices. The company's profit rose to INR 2.55 billion ($30.63 million), while revenue from operations declined by 8%. The decline in expenses offset the drop in revenue. Patanjali Foods CEO is optimistic that the festival season and increased consumer spends will drive growth in the next quarter.

Palm oil imports increased from 1.09 million tons in July to 1.12 million tons in August, the highest in nine months, according to average estimates from the dealers. Sunflower oil imports jumped by 11.5% from a month earlier to 365,000 tons, the highest in seven months, while soyoil imports edged up 3.7% to 355,000 tons, dealers estimated. India buys palm oil mainly from Indonesia, Malaysia and Thailand, while it imports soyoil and sunflower oil from Argentina, Brazil, Russia and Ukraine.

The Commission for Agricultural Costs and Price (CACP) has suggested that the Indian government review its open-ended procurement policy for wheat and rice. The CACP recommends restricting the procurement of these cereals to meet the country's food security and welfare schemes. The report also highlights the accumulation of excessive stocks, distorted cropping patterns, and over-exploitation of groundwater. The CACP proposes strengthening wheat procurement operations in certain states and compensating farmers for market surplus through price deficiency payments.

The diversification strategy undertaken by the Mariwala family-owned Marico to reduce its dependence on Parachute coconut oil and Saffola edible oil - its two traditionally strong, commodity-linked brands - has yielded results.